STR: Canada Hotel Results For Week Ending 1 August
Canadian hotel occupancy fell 49.2% to 38.4% during the week of 26 July to 1 August. ADR dipped 28.8% to 129.74 Canadian dollars ($97.72) and RevPAR decreased 63.8% to CA$49.86 ($37.56).
HENDERSONVILLE, Tennessee - STR data for 26 July through 1 August 2020 shows a continued steady rise in Canada's hotel performance but the same significant level of year-over-year declines.
In comparison with the week of 28 July through 3 August 2019, the industry reported the following:
- Occupancy: -49.2% to 38.4%
- Average daily rate (ADR): -28.8% to CAD129.74
- Revenue per available room (RevPAR): -63.8% to CAD49.86
Two provinces reached a 40% occupancy level: British Columbia (48.2%) and Manitoba (43.1%).
Ottawa (37.2%), Edmonton (34.5%) and Vancouver (33.5%) were the only major markets at or above the 30% mark.
The lowest occupancy among provinces was reported in Newfoundland and Labrador (30.1%). At the market level, the lowest occupancy was seen in Montreal (19.7%).
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
Haley Luther
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